On the morning of January 26, 2026 (Pacific Standard Time), NVIDIA announced that it had invested $2 billion in CoreWeave on Monday to accelerate the company’s process of adding over 5 gigawatts (GW) of AI computing capacity by 2030.
Investment Details and Strategic Cooperation
As an existing investor in CoreWeave, this chip manufacturer stated that it purchased CoreWeave’s Class A shares at $87.20 per share. Under the agreement, CoreWeave and NVIDIA plan to jointly build “AI factories” (i.e., data centers) that will utilize NVIDIA’s products.
CoreWeave will also integrate NVIDIA’s products across its entire platform, including the new Rubin chip architecture (which will replace the current Blackwell architecture), the Bluefield storage system, and NVIDIA’s new Vera CPU product line. As part of the deal, NVIDIA will also assist CoreWeave in purchasing data center land and power, and collaborate with the smaller company to incorporate its AI software and architecture into NVIDIA’s reference architecture for selling to cloud services and enterprise customers.
Strong support for CoreWeave
This transaction is a strong support for CoreWeave. In the past few months, the company has received attention for raising billions of dollars in debt to continue expanding its data center operations. According to PitchBook data, as of September 2025, CoreWeave has a debt obligation of $18.81 billion and reported third quarter revenue of $1.36 billion.
The CEO of the company, Michael Intrator, defended its business model (using GPUs as collateral to raise debt to fund operations) and responded to industry concerns about circular trading, stating that the company must “work together” to address the “dramatic changes in supply and demand”. Since a cryptocurrency mining company transformed into a data center service provider focused on AI training and inference, CoreWeave has successfully capitalized on the AI wave. Since its initial public offering in March last year, the company has been busy refining its technology stack through a series of acquisitions. In March of this year, it acquired AI developer platform Weights&Biases, and shortly thereafter acquired reinforcement learning startup OpenPipe. In October, it agreed to acquire open-source Jupyter Notebook competitor Marimo and another AI company Monolith. The company has recently expanded its cloud partnership with OpenAI.
At present, CoreWeave’s clients include several large-scale enterprises such as OpenAI, Meta, and Microsoft. After the trading news was announced, CoreWeave’s stock price rose by more than 15%.
NVIDIA’s industrial layout
For Nvidia, this transaction is the latest of its dozens of investments over the past year. As one of the biggest beneficiaries and drivers of the AI boom, NVIDIA is doing its best to continue driving investment and development in this emerging technology at a rapid pace.
